Outlook for the USA market: Will Apple's sales of iPhone 16 in China significantly exceed market expectations? nasdaq index starts 92 points higher.
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Here is the NY Stock Market outlook for tonight.![]()
Market Overview
The US market started with the Dow Jones Industrial Average, composed of high-quality stocks, opening down by 51.93 points at 43,187.12, while the Nasdaq Composite Index, which has a high proportion of technology stocks, started up by 92.39 points at 18,466.00. The S&P 500, made up of 500 large-cap stocks in the US, started up by 17.96 points at 5,859.43.
The US market started with the Dow Jones Industrial Average, composed of high-quality stocks, opening down by 51.93 points at 43,187.12, while the Nasdaq Composite Index, which has a high proportion of technology stocks, started up by 92.39 points at 18,466.00. The S&P 500, made up of 500 large-cap stocks in the US, started up by 17.96 points at 5,859.43.
Top news
Will Apple's iPhone 16 sales in China significantly exceed market estimates?
●This year, $Apple (AAPL.US)$ iPhone sales have been sluggish. In the first quarter, sales in China decreased by as much as 19%. The sales slump continued to weigh on Apple's earnings in the third quarter as well.
●According to Counterpoint Research, sales of the iPhone 16 series increased by 20% in China within three weeks of its debut. So far, the new iPhone has surpassed Apple's older generation. The shift to high-priced models by consumers continues, with sales of the high-end Pro and Pro Max models increasing by 44% compared to the same period last year.
●According to Counterpoint Research's Smartphone 360 Tracker flash data, global smartphone sales in the third quarter of 2024 increased by 2% compared to the same period last year, achieving year-on-year growth since the third quarter of 2018. The third quarter saw a recovery in most markets, with Western Europe, Latin America (LATAM), and Japan leading the way, all recording double-digit growth rates compared to the same period last year.
Will Apple's iPhone 16 sales in China significantly exceed market estimates?
●This year, $Apple (AAPL.US)$ iPhone sales have been sluggish. In the first quarter, sales in China decreased by as much as 19%. The sales slump continued to weigh on Apple's earnings in the third quarter as well.
●According to Counterpoint Research, sales of the iPhone 16 series increased by 20% in China within three weeks of its debut. So far, the new iPhone has surpassed Apple's older generation. The shift to high-priced models by consumers continues, with sales of the high-end Pro and Pro Max models increasing by 44% compared to the same period last year.
●According to Counterpoint Research's Smartphone 360 Tracker flash data, global smartphone sales in the third quarter of 2024 increased by 2% compared to the same period last year, achieving year-on-year growth since the third quarter of 2018. The third quarter saw a recovery in most markets, with Western Europe, Latin America (LATAM), and Japan leading the way, all recording double-digit growth rates compared to the same period last year.
Gold hits record highs, Bitcoin is also approaching.
●Gold has surpassed $2700 per ounce for the first time. Bitcoin is also approaching its all-time high.
●Gold has surpassed $2700 per ounce for the first time. Bitcoin is also approaching its all-time high.
●The yen exchange rate has exceeded 150 yen for 1 dollar, with top currency officials issuing a warning.
●US stock index futures suggest a higher close.
Strong earnings results
● $Netflix (NFLX.US)$ Performance has exceeded expectations, with stocks rising over 6% in the pre-market despite the impact of last year's Hollywood strike on new programs.
● $KBW Nasdaq Bank Index (.BKX.US)$ It rose 3.1% this week, hitting the highest level since March 2022.
KBW Bank Index has risen 28% this year, $S&P 500 Index (.SPX.US)$ surpassing the 2021 and recording its best annual performance since.
● $Netflix (NFLX.US)$ Performance has exceeded expectations, with stocks rising over 6% in the pre-market despite the impact of last year's Hollywood strike on new programs.
● $KBW Nasdaq Bank Index (.BKX.US)$ It rose 3.1% this week, hitting the highest level since March 2022.
KBW Bank Index has risen 28% this year, $S&P 500 Index (.SPX.US)$ surpassing the 2021 and recording its best annual performance since.
American election
Bridgewater's founder Ray Dalio has mentioned the risk of controversy in the American election results.
On the other hand, there is a resurgence of talk that the euro may fall to parity with the dollar due to the fear of a trade war erupting under the Donald Trump administration.
Bridgewater's founder Ray Dalio has mentioned the risk of controversy in the American election results.
On the other hand, there is a resurgence of talk that the euro may fall to parity with the dollar due to the fear of a trade war erupting under the Donald Trump administration.
Economic data and corporate performance are boosting the rise in the American market.
The recent market fluctuations are attributed to expectations of a Trump victory, but a more simple explanation would be positive economic trends such as improvements in retail sales and employment statistics.
The S&P 500 stock price index has risen for 6 consecutive weeks, supported not only by political factors but also by positive economic and corporate performance data contributing to the strong stock market.
The strong market performance has been attributed to widespread stock market gains, positive economic conditions, and expectations of further interest rate cuts.
The recent market fluctuations are attributed to expectations of a Trump victory, but a more simple explanation would be positive economic trends such as improvements in retail sales and employment statistics.
The S&P 500 stock price index has risen for 6 consecutive weeks, supported not only by political factors but also by positive economic and corporate performance data contributing to the strong stock market.
The strong market performance has been attributed to widespread stock market gains, positive economic conditions, and expectations of further interest rate cuts.
moomoo News Zeber
Source: moomoo, Bloomberg
This article uses auto-translation in some parts.
Source: moomoo, Bloomberg
This article uses auto-translation in some parts.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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